The head of the New Jersey Division of Investment last month recommended to the state investment council allocations totaling $225 million to a trio of single-strategy hedge funds and funds of funds.

William Clark proposed a $75 million commitment to equity long/short fund Glenview Institutional Partners, managed by $7.2 billion shop Glenview Capital. The fund employs deep, bottom-up, fundamental analyses of companies with market capitalizations in excess of $1 billion and primarily invests in U.S. equities with some exposure to European equities as well, according to an internal memo. It also invests in high yield bonds.

Additionally, he proposed investments in two funds of hedge funds: an additional $100 million commitment to its existing separate account managed by the Rock Creek Group and another $50 million commitment to its existing Goldman Sachs Hedge Fund Strategies separate account.

The system made initial allocations of $250 million to Goldman Sachs and $150 million to Rock Creek last year. At its Oct. 2006 meeting, it proposed a $50 million investment in the Rock Creek Partners Fund, which was established to seed emerging managers. The system’s agreement with Rock Creek was to withdraw any money from the original separate account.